Mount Dora, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Dora Neighborhoods Since 2000




Mount Dora, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mount Dora Housing Market Information

With 13,519 people, 5,747 houses or apartments, and a median cost of homes of $202,887, Mount Dora real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Dora, accounting for 62.11% of the city's housing units. Other types of housing that are prevalent in Mount Dora include large apartment complexes or high rise apartments ( 26.05%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few row houses and other attached homes ( 3.20%).

People in Mount Dora primarily live in small (one, two or no bedroom) single-family detached homes. Mount Dora has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Mount Dora built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Dora built between 2000 and later ( 24.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.15%). There's also some housing in Mount Dora built before 1939 ( 4.45%).

Vacant housing appears to be an issue in Mount Dora. Fully 22.31% of the housing stock is classified as vacant. Left unchecked, vacant Mount Dora homes and apartments can be a drag on the real estate market, holding Mount Dora real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Dora Home Appreciation Rates

Homes have actually lost value in Mount Dora over the last then years, as home values have seen a decline of 24.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Dora home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Mount Dora that despite a nationwide downturn in the housing market, Mount Dora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Dora appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 92.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Dora. Mount Dora appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Mount Dora one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Mount Dora's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$202,887

Mount Dora, FL HOME PRICES

Value Range
> $1,262,000 1.4
$946,001 - $1,262,000 2.0
$631,001 - $946,000 2.6
$505,001 - $631,000 6.3
$379,001 - $505,000 5.0
$252,001 - $379,000 22.8
$126,001 - $252,000 34.5
$63,001 - $126,000 19.3
$0 - $63,000 6.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
31.5832649712879 44.4444444444444

Number Of Homes And Apartments:
5,747

Mount Dora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
49.98% 2.38% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,036 / per month

Homeownership Rate

Homeownership
Owners 50.97
Renters 49.03
Vacant 22.31

Housing Market Details

 

Age of Homes

AGE OF Mount Dora HOMES
2000 or Newer 24.3
1970 - 1999 56.1
1940 - 1969 15.2
1939 or Older 4.4

Types of Homes

TYPE OF Mount Dora HOMES
Single-Family 62.1
Townhomes 3.2
Small Apt. Buildings 7.2
Apt. Complexes 26.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Mount Dora HOMES
No Bedroom 5.81
1 Bedroom 11.33
2 Bedrooms 37.43
3 Bedrooms 38.89
4 Bedrooms 6.14
5 or more bedrooms 0.39